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2200 North 3559th Road

Essex Realty Group Sells 56-Acre Development Site In Ottawa, IL
SOLDDevelopment Site

Essex Realty Group Sells 56-Acre Development Site In Ottawa, IL

2200 North 3559th Road

$450,000

Building Size

Asset Type

Development Site

Closing

Oct 4, 2022

AI

Congratulations to Abe Eilian and Brian Keegan of Essex Realty Group, Inc. on the successful sale of a 56-acre development site located at 2200 N 3559th Rd in Ottawa, IL. The property was sold for a total price of $450,000.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $450,000
  • Date: 10/04/2022
  • Market: Ottawa, IL
  • Brokers: Abe Eilian & Brian Keegan - Essex Realty Group, Inc.

We are excited to see what the new owner has planned for this 56-acre site in Ottawa, IL. If you have any questions about this sale or are interested in exploring other available properties, please contact Essex Realty Group, Inc.

Players

Abe Eilian

Essex Realty Group

Broker

$115.1M

vol

29 deals

Broker

Ottawa Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

35.25%

Cash-on-Cash

-10.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93